1000 (per day) b. The portion of the total interest expense associated with this note will be reported in the firms’s 2010 income statement is $2.250 $50.000 * 9% * 6/12=$2.250 c. The amount that constitutes revenue earned in January is $15.000 $25.000-$10.000(earned in December 2002) Exercise 4.7‚ page 171 a. b. The Sweeney & Associates’s net income increase by $62‚ 650 as a result of the adjusting entries performed in part a. Problem 4.3A‚ pages 175 A. 1.
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7584/316=24 =4.7+24=28.7 March 1697/361=4.7 8664/361=24 =24+4.7=28.7 3. Create a contribution margin income statement for Salem Data Services; Assume that intra company usage is 205 hours‚ Assume commercial usage is at the March Level. Revenue Variable costs Contribution Margin Fixed Costs Operating Income (loss) From the case we know that intracompany work was billed at $400 per hour‚ and commercial sales were billed at $800 per hour. Commercial
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Financial Statements for OIL & GAS DEVELOPMENT CO LTD (OGDC) Year over year‚ Oil and Gas Development Co.‚ Ltd. has been able to grow revenues from 115.7B to 125.8B. Most impressively‚ the company has been able to reduce the percentage of sales devoted to cost of goods sold from 20.99% to 20.14%. This was a driver that led to a bottom line growth from 55.5B to 59.2B. View Income Statement In U.S. Dollar Currency in Millions of Pakistan Rupees As of: Jun 30 2007 Reclassified PKR Jun 30 2008
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Financial Statements Management’s discussion and analysis year ended December 31‚ 2011 Consolidated Financial Statements year ended December 31‚ 2011 Notes Statutory Auditors’ report on the Consolidated Financial Statements 3 4 19 25 108 Corporate financial statements Corporate financial statements management report issued by the Board of Directors Corporate financial statements Notes on the corporate financial statements Statutory Auditors’ report on the annual financial statements 111 112
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When accountants prepare a balance sheet they list the company’s assets at the time. Assets are things the company owns‚ and resources they have that can be given a dollar value. These can include prepaid rent‚ advertising and legal fees. These statements are used by business‚ its investors and creditors to determine how well the company is doing. Creditors may use this information to determine whether or not the company is able to afford more credit or loans. They will look at the company’s liabilities
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will promote the sale of spawn. By this both spawn unit and mushroom farm will be economically viable. Objective. : (1) To produce 200 spawn bottles of two shift i.e. 5‚000 bottles of spawn assuming 25 working days per month. (2) To create income of Rs. 12‚000/- per month from spawn + Rs. 3‚675 from mushroom farm. REQUIREMENT FOR SPAWN UNIT A. Land and building Four roomed building will be essential to state spawn lab. one room will be used to multiply fungus which is called “inoculation
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Following is an income statement calculated based on the different equity theories of accounting. Entity Theory Proprietary Theory Orthodox Unorthodox Residual Equity Theory Revenues $ 1‚000‚000 $ 1‚000‚000 $ 1‚000‚000 $ 1‚000‚000 Less: Operating Expenses Cost of goods sold $400‚000 $400‚000 $400‚000 $400‚000 Depreciation $100‚000 $100‚000 $100‚000 $100‚000 Salaries and Wages $200‚000 $200‚000 $200‚000 $200‚000
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helpful to develop a cash flow analysis (use vs. source) and the cash flow statement based upon the income statement and the balance sheet provided in the case for the period of 1988 to 1990.) Through the period of 1988 to 1990 Mark Butler has met the needs of financing through decreasing the amount of cash the company carries‚ by increasing bank loans‚ by increasing the size of accounts payable‚ and by carrying net income over into retained earnings. The needs of this cash was generated by the loan
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PRESTIGE TELEPHONE COMPANY 1.Identify the costs that are relevant to the analysis to discontinue Prestige Data Services: Relevant costs in the analysis by Prestige Telephone Company decision to discontinue Prestige Data Services include: fixed costs which must be absorbed by the parent company (Prestige Telephone) upon shutdown; outstanding Prestige Data Services debts; costs of retraining retained employees; costs associated with outsourcing data services previously provided by Prestige Data
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debt‚ it is cash rich indicating it’s over liquid nature and therefore is pretty underleveraged. Between 2003 - 2006‚ its annual sales grew by 2% and Annual return to its shareholders grew by 11% per year on CAGR basis. During 2006‚ it clocked a net income of the USD 53.6 million with top line of USD 342 million. But off-late margins have declined on account of high cost towards integration and write down in inventory related to its acquisitions Company’s strategy towards shifting to higher end products
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